658
658
Dec 30, 2012
12/12
by
CNNW
tv
eye 658
favorite 0
quote 0
no news is good news and fiscal cliff talks are at a standstill with neither side wanting to give ground at this point. >> trying to find a lining around that cloud, if there is one, and democrats and republicans are still talking. they are still trying to reach a deal to stop the spending cuts and tax hikes that are likely or possible to push our economy back into the recession if we go over the fiscal cliff. >> but ali, neither side is budging much. you have been reporting on it for the last couple of hours. friday though, president obama said that he was optimistic that the two sides could reach a deal. this morning, he sounded less positive though. >> if, you know, if people start seeing that on january 1st, this problem still has not been solved, that we haven't seen the kind of deficit reduction that we could have had, had the republicans been willing to take the deal they gave them, and if they say that people's taxes have gone up which means consumer spending will go down. >> and keep in mind that the senate is the first hurdle. any deal has to pass the house. we are not into the
no news is good news and fiscal cliff talks are at a standstill with neither side wanting to give ground at this point. >> trying to find a lining around that cloud, if there is one, and democrats and republicans are still talking. they are still trying to reach a deal to stop the spending cuts and tax hikes that are likely or possible to push our economy back into the recession if we go over the fiscal cliff. >> but ali, neither side is budging much. you have been reporting on it...
307
307
Dec 30, 2012
12/12
by
CNNW
tv
eye 307
favorite 0
quote 0
that's the fiscal cliff. we reach the brink in two days. let's go live now to dana bash on capitol hill. because of news of a setback. dana, what do we know? >> that's right. we got this word from democratic sources about a half an hour ago. maybe a little bit more. that they consider a major setback to be going on right now. a poison pill, something that the republicans offered last night and democrats rejected today. it's called technically chain cpi, the buzz word for it. what it means for real people and real terms, would be that social security recipients would see smaller checks on a monthly basis and that's why democrats are saying that this is a nonstarter. the president did propose this to the house speakers as part of a larger deal. he even talked about it again this morning on nbc, the president. but democrats are saying that they simply do not see this in this miner, smaller mini deal. they don't want to deal with the entitlement issue at all until a later date when they can deal with it in a broad sense. here's an example of wh
that's the fiscal cliff. we reach the brink in two days. let's go live now to dana bash on capitol hill. because of news of a setback. dana, what do we know? >> that's right. we got this word from democratic sources about a half an hour ago. maybe a little bit more. that they consider a major setback to be going on right now. a poison pill, something that the republicans offered last night and democrats rejected today. it's called technically chain cpi, the buzz word for it. what it means...
228
228
Dec 27, 2012
12/12
by
KQED
tv
eye 228
favorite 0
quote 0
power of caffeine to influence negotiations going on over the fiscal cliff. employees at the chain's 120 stores in the washington d.c. area, are writing the phrase "come together" on the side of cups, along with customer drink orders. starbucks c.e.o. howard schultz calls it a small but powerful gesture, designed to urge our elected officials to come together to reach common ground on the fiscal cliff. that's "nightly business report" for wednesday, december 26. have a great evening everyone. we'll see you online at: www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org >> the following kqed production was produced in high definition. >> tonight on quest: how might global warming influence your lifestyle? well, start with your favorite wine. find out what you may be drinking, if current warming trends continue. >>> and as the old adage goes, "they're not making any new land." or are they? as the inhabitants of our planet look outward, cutting-edge technologies are revealing dozens of new
power of caffeine to influence negotiations going on over the fiscal cliff. employees at the chain's 120 stores in the washington d.c. area, are writing the phrase "come together" on the side of cups, along with customer drink orders. starbucks c.e.o. howard schultz calls it a small but powerful gesture, designed to urge our elected officials to come together to reach common ground on the fiscal cliff. that's "nightly business report" for wednesday, december 26. have a great...
134
134
Dec 27, 2012
12/12
by
KRCB
tv
eye 134
favorite 0
quote 0
power of caffeine to influence negotiations going on over the fiscal cliff. employees at the chain's 120 stores in the washington d.c. area, are writing the phrase "come together" on the side of cups, alonwith customer drink orders. starbucks c.e.o. howard schultz calls it a small but powerful gesture, designed to urge our elected officials to come together to reach common ground on the fiscal cliff. that's "nightly business report" for wednesday, december 26. have a great evening everyone. we'll see you online at: www.nbr.com and back here tomorrow night. captioning sponsored by wpbt captned by mia access group wgbh access.wgbh.org
power of caffeine to influence negotiations going on over the fiscal cliff. employees at the chain's 120 stores in the washington d.c. area, are writing the phrase "come together" on the side of cups, alonwith customer drink orders. starbucks c.e.o. howard schultz calls it a small but powerful gesture, designed to urge our elected officials to come together to reach common ground on the fiscal cliff. that's "nightly business report" for wednesday, december 26. have a great...
221
221
Dec 31, 2012
12/12
by
CNNW
tv
eye 221
favorite 0
quote 0
is the big fiscal cliff deadline. there are two fronts we are watching today. capitol hill and wall street. let's see if there's any movement on capitol hill. stock markets moving up because it's a little erratic. dana bash is watching that live for us. dana, last hour you were saying progress is being made. now you've been hearing rumblings on the opposite from the far left. what are you hearing now? >> very interesting. we have been hearing from both sides of the aisle that part of the big issue has been to get over objections from conservative republicans who are not going to be happy with any potential deal. i just spoke with tom harkin who is a democrat being from iowa. and he's also a leading progressive. he said that he and other progressives might be the ones object or to try to stop any potential deal. the reason he says he's so upset is because he does not like the idea that we have been reporting of keeping the tax cuts in place of income levels up to $450,000. he believes that's too high. the president, as we know, campaigned with a lot of democrati
is the big fiscal cliff deadline. there are two fronts we are watching today. capitol hill and wall street. let's see if there's any movement on capitol hill. stock markets moving up because it's a little erratic. dana bash is watching that live for us. dana, last hour you were saying progress is being made. now you've been hearing rumblings on the opposite from the far left. what are you hearing now? >> very interesting. we have been hearing from both sides of the aisle that part of the...
274
274
Jan 1, 2013
01/13
by
CNNW
tv
eye 274
favorite 0
quote 0
cnn's coverage of the fiscal cliff continues right after this.
cnn's coverage of the fiscal cliff continues right after this.
267
267
Jan 1, 2013
01/13
by
CNNW
tv
eye 267
favorite 0
quote 0
story on facebook. >>> we're following breaking news on the fiscal cliff. looks like there's a deal. the vice president is briefing democratic senators right now. i want to go to that room where they're meeting. dana bash is outside the room where they're meeting right now. a little more than two hours before midnight. here is my sense. >> they should get a roll call tonight because if they let everyone go home and party and do a little new year's eve celebration, they come back tomorrow, who knows what they're going to do if they sleep on it. they better do it tonight if they're going to do it. tell me what you're hearing. >> that is definitely the feeling here, that they have momentum and they have people here on new year's eve. they want to capture that momeantm. they want to strike when the fire is hot. you know, name your cliche, that certainly seems the way things are headed. the question is how quickly can they come from the meeting going on behind here with joe biden, the vice president, and his fellow democrats in the senate, and how quickly can th
story on facebook. >>> we're following breaking news on the fiscal cliff. looks like there's a deal. the vice president is briefing democratic senators right now. i want to go to that room where they're meeting. dana bash is outside the room where they're meeting right now. a little more than two hours before midnight. here is my sense. >> they should get a roll call tonight because if they let everyone go home and party and do a little new year's eve celebration, they come back...
289
289
Jan 1, 2013
01/13
by
CNNW
tv
eye 289
favorite 0
quote 0
. >> we went over the fiscal cliff. yep at midnight and then just a couple hours later, the senate came up with a solution. now it's off to the house. the house has to sign off. they will get back to work this afternoon. what's in the deal? well, it starts with the new income tax threshold. those folks agreed to let the taxes go up but only on the family who is make over $450,000 in combined income. the itemized deductions will also be capped at $300,000 for families. and the estate tax, that was a big sticking point for lawmakers, and now the tax rate goes up to 40% for estates that are valued over $5 million. so if you're under $5 million, you skated there too. other key points are an extension of the long-term unemployment benefits. the renewal of tuition and child care tax credits and then something called the doc fix. it reimburses doctors who take medicare patients. and what about the automatic spending cuts that were supposed to go into effect today? doomsday, yikes. they put those off. but only for two months. t
. >> we went over the fiscal cliff. yep at midnight and then just a couple hours later, the senate came up with a solution. now it's off to the house. the house has to sign off. they will get back to work this afternoon. what's in the deal? well, it starts with the new income tax threshold. those folks agreed to let the taxes go up but only on the family who is make over $450,000 in combined income. the itemized deductions will also be capped at $300,000 for families. and the estate tax,...
224
224
Dec 27, 2012
12/12
by
CNNW
tv
eye 224
favorite 0
quote 0
that's also being dragged down about the fiscal cliff. you're seeing consumers pull back on spending and pulling back on how they feel about the economy. they are worried about whether there are going to be r more jobs in the new year. >> they are saying 9.1% unemployment is in the forecast by the end of next year if we don't reach a deal. alison kosik in new york, thank you as always. when you have diabetes... your doctor will say get smart about your weight. i tried weight loss plans... but their shakes aren't always made for people with diabetes. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. and they have six grams of sugars. with fifteen grams of protein to help manage hunger... look who's getting smart about her weight. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. >>> welcome back. teachers in utah are going to class today. starting at noon today, 200 teachers will be at a conference near salt lake
that's also being dragged down about the fiscal cliff. you're seeing consumers pull back on spending and pulling back on how they feel about the economy. they are worried about whether there are going to be r more jobs in the new year. >> they are saying 9.1% unemployment is in the forecast by the end of next year if we don't reach a deal. alison kosik in new york, thank you as always. when you have diabetes... your doctor will say get smart about your weight. i tried weight loss plans......
209
209
Dec 30, 2012
12/12
by
CNNW
tv
eye 209
favorite 0
quote 0
breaking news on the fiscal cliff. there's been a significant snag in the negotiations with just fewer than two days remaining to go. about 36 hours remaining on the countdown clock. dana bash is on capitol hill with latest. dana, what have you got? >> this kbifs you a good sense of where things stand. they're at a standstill. you see a lot of reporters milling around. it's behind this wall that you can't see. the democrats, all senate democrats are meeting now, getting a briefing from the senate democratic leader, harry reid and down this haul, which you can't see from here, the same thing is going on with republicans. at the podium we hope to hear from senate majority leader, harry reid. in terms of where things stand, they're frozens it goes. earlier today, we explained that the reason from the democrats point of view is that they got an offer from republicans that includes what was known as chained cpi, which you've been explaining means social security checks would be smaller for social security recipients, which
breaking news on the fiscal cliff. there's been a significant snag in the negotiations with just fewer than two days remaining to go. about 36 hours remaining on the countdown clock. dana bash is on capitol hill with latest. dana, what have you got? >> this kbifs you a good sense of where things stand. they're at a standstill. you see a lot of reporters milling around. it's behind this wall that you can't see. the democrats, all senate democrats are meeting now, getting a briefing from...
180
180
Dec 27, 2012
12/12
by
CNBC
tv
eye 180
favorite 0
quote 0
>> doing this all year long, news about the economy or settlement of the fiscal cliff issue, the bond market sells off a little bit and the market rallies. here we are again. hope springs eternal. >> let's say we get a deal in the near term, some sort of a framework deal. does that mean we'll see rates on the treasury yield curve rise appreciably, in other words, we'll sell off on the bond market. >> the initial reaction will be relief and risk assets, selloff in treasuries, and keep in mind any deal that we get is probably going to mean more austerity, not less, higher taxes and less spending in 2013 and 2014, and ultimately that's good for the bond market. it's not a bad thing for the bond market. >> do you agree, jeff cox? >> i agree with the notion that, of course, we're at mercy of the fiscal cliff talks, and i do think that the near term picture for equities is not looking very good because anybody who has any faith that these guys are going to get a deal done within the next couple of days i think is kidding themselves, as we've been kidding ourselves for the past couple of mon
>> doing this all year long, news about the economy or settlement of the fiscal cliff issue, the bond market sells off a little bit and the market rallies. here we are again. hope springs eternal. >> let's say we get a deal in the near term, some sort of a framework deal. does that mean we'll see rates on the treasury yield curve rise appreciably, in other words, we'll sell off on the bond market. >> the initial reaction will be relief and risk assets, selloff in treasuries,...
320
320
Dec 31, 2012
12/12
by
CNNW
tv
eye 320
favorite 0
quote 0
much more news coming up, including the latest on the fiscal cliff. one senator accusing democrats of trying to stick it to the rich. we're going to talk with senator rand paul of kentucky. we'll ask him why he says a fiscal cliff deal won't help the country. stand by. ♪ [ slap! ] [ male announcer ] your favorite foods fighting you? fight back fast with tums. calcium-rich tums starts working so fast you'll forget you had heartburn. ♪ tum tum tum tum tums so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. now through january 2nd, no monthly payments until spring for qualified buyers. get the silverado for 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. >>> the united states is going over the fiscal cliff. at least for a short while. the house of representatives deciding in just a little while ago it will not vote and a deal tonight. earlier, president
much more news coming up, including the latest on the fiscal cliff. one senator accusing democrats of trying to stick it to the rich. we're going to talk with senator rand paul of kentucky. we'll ask him why he says a fiscal cliff deal won't help the country. stand by. ♪ [ slap! ] [ male announcer ] your favorite foods fighting you? fight back fast with tums. calcium-rich tums starts working so fast you'll forget you had heartburn. ♪ tum tum tum tum tums so, the 5.3-liter v8 silverado can...
206
206
Dec 24, 2012
12/12
by
CNNW
tv
eye 206
favorite 0
quote 0
our expert on all matters relating to the fiscal cliff is dana bash. she joins me now from washington. dana, great to see you again. tell me does even a band-aid approach work? >> it's going to be tough. this is all math. but it really has to do with the math with regard to votes. and democrats especially who i'm talking to in the senate which is probably where this will originate, the reality is that democrats don't hold a very big majority. her going to need to have a handful of republicans to cross party lines and vote with them on the whole concept of raising any taxes. especially what the president wants which is something that is raising taxes on all americans making more than $250,000. that's the senate. never mind the house, which of course, made clear to the house speaker that they won't even go for something that's a million dollars or more when it comes to tax increases. that was last week. >> dana, you were saying that when you were reporting on it when it was breaking that evening, you called that devastating for john boehner. now that hou
our expert on all matters relating to the fiscal cliff is dana bash. she joins me now from washington. dana, great to see you again. tell me does even a band-aid approach work? >> it's going to be tough. this is all math. but it really has to do with the math with regard to votes. and democrats especially who i'm talking to in the senate which is probably where this will originate, the reality is that democrats don't hold a very big majority. her going to need to have a handful of...
146
146
Dec 30, 2012
12/12
by
CNNW
tv
eye 146
favorite 0
quote 0
. >>> one of president obama's initial proposals to avert the fiscal cliff included $50 billion in new infrastructure spending. that as we know landed with a thud among congressional republicans but despite that reaction, it doesn't seem like the president is backing down. >> the second thing that we've got to do is stabilize the economy and make sure it's growing. part of that is deficit reduction, part of it is also making sure that we're investing, for example, in rebuilding our infrastructure which is broken. >> i'm joined now by two republican lawmakers wyoming senator barrasso of wyoming, we just said, and idaho congressman raul labrador. thank you for joining us. let's talk first about new spending. investment generally means you want to put more money into infrastructure, bridges, roads, schools, things like that. is that something that you all might go along with? is that a nonstarter? >> it's a nonstarter. the president really, and you have pointed to the problem, the problem in this country is we have a spending problem. that's how we ended up with $16 trillion in debt and y
. >>> one of president obama's initial proposals to avert the fiscal cliff included $50 billion in new infrastructure spending. that as we know landed with a thud among congressional republicans but despite that reaction, it doesn't seem like the president is backing down. >> the second thing that we've got to do is stabilize the economy and make sure it's growing. part of that is deficit reduction, part of it is also making sure that we're investing, for example, in rebuilding...
75
75
Jan 1, 2013
01/13
by
CNNW
tv
eye 75
favorite 0
quote 0
in only four hours, the united states will go over the fiscal cliff. >> i'm ali velshi in new york. as the clock strikes midnight, the ball drops and the confetti falls, this country will be facing a dangerous combination of tax hikes for all americans and across the board spending cuts. >> but there is a deal in sight. democratic and republican sources insisting the senate hopes to vote on a final bill before midnight tonight. here's what some of the plan will likely look like. among other things, an increase in the tax rates for families making over $450,000 a year. extending unemployment benefits. and an increase in the estate tax rate, but the house of representatives has already gone home. and that means regardless of what the senate does, we will technically go over the fiscal cliff at midnight eastern time. let's get straight to our senior congressional correspondent, dana bash. she's following all of this. what's the very latest? >> it may look like there's a lot of action going on here in the halls of congress, but they're all people like you and me. they're all reporters w
in only four hours, the united states will go over the fiscal cliff. >> i'm ali velshi in new york. as the clock strikes midnight, the ball drops and the confetti falls, this country will be facing a dangerous combination of tax hikes for all americans and across the board spending cuts. >> but there is a deal in sight. democratic and republican sources insisting the senate hopes to vote on a final bill before midnight tonight. here's what some of the plan will likely look like....
201
201
Dec 30, 2012
12/12
by
CNNW
tv
eye 201
favorite 0
quote 0
. >>> this whole fiscal cliff mess shows how incredibly out of touch your the way people really live in this country. you are off in la la land and everyone is saying how you're acting like a bunch of spoiled brats who are more interested in being right than in doing the right thing and actually representing the people who elected you. >> my new year's message to washington is this, there are not enough wealthy people or corporations to keep you in office. in that light, please simply grow up, govern, but most importantly, support middle class policies. >> americans, as you can see, are clearly very frustrated with lawmakers. at this moment, there are no deal yet to be reported when it comes to trying to keep your taxes from going up. government spending for things like education, research and investments in infrastructure will also take a big hit. but my next guest says that our defense department is in a much better position to endure a hit like that. lawren lawrence korb joins me in washington. he's former assistant secretary of defense. doctor, thanks for being with us. >> nice t
. >>> this whole fiscal cliff mess shows how incredibly out of touch your the way people really live in this country. you are off in la la land and everyone is saying how you're acting like a bunch of spoiled brats who are more interested in being right than in doing the right thing and actually representing the people who elected you. >> my new year's message to washington is this, there are not enough wealthy people or corporations to keep you in office. in that light, please...
221
221
Jan 1, 2013
01/13
by
CNNW
tv
eye 221
favorite 0
quote 0
>>> we'll get back to the breaking news fiscal cliff drama in a moment. let's get to another important story, iran. another show of military force mainly because of where the action is taking place. chris lawrence has the details. explain what is going on, chris. >> well, these are just exercises, wolf, but you're right, the key is where iran is firing these missiles. 17 pill general barrels travel through the strait of hormuz. that's in a very narrow waterway that iran has threatened to blockade before. iran started the new year showing off new technology, including an upgraded missile designed to destroy missiles. helicopters, fighters and drones. >> this tells me more about their willingness to keep the pressure up, stay in a somewhat inflamed and confrontational mode. >> the test didn't dramatically move the ball for iran's technology but it sends a warning to the nations in the region regarding any attempted strike on iran's nuclear facility. >> short term they may actually like the idea telling us that they can escalate, to make us think it's not ju
>>> we'll get back to the breaking news fiscal cliff drama in a moment. let's get to another important story, iran. another show of military force mainly because of where the action is taking place. chris lawrence has the details. explain what is going on, chris. >> well, these are just exercises, wolf, but you're right, the key is where iran is firing these missiles. 17 pill general barrels travel through the strait of hormuz. that's in a very narrow waterway that iran has...
260
260
Jan 1, 2013
01/13
by
CNNW
tv
eye 260
favorite 0
quote 0
listen in in my new year's message to washington, this entire fiscal cliff problem isn't just an isolated incident. it's representative of how partisanship and polarization have taken over congress. i'm 18. i used to be excited for the future. but i don't want to live in a country that doesn't have a successful working legislator. congress, it's time for you to remember what your purpose really is, get back to doing your job. >> resolution for washington is to get out of the middle east, learn to live on a budget like every other american does, and third thing is to reform the tax code. i think it's sickening to think politicians cannot get along, they're like cats and dogs. hope you guys have a good new year and hopefully we can get something done. >> all right. do you have a message? let us know your new year's resolution for washington. visit ireport.cnn.com. >>> new year, new law. several states have new rules going into effect. take a look at a few of those. those are next. [ male announcer ] this is sheldon, whose long dy setting up the news starts with arthritis pain and a choice.
listen in in my new year's message to washington, this entire fiscal cliff problem isn't just an isolated incident. it's representative of how partisanship and polarization have taken over congress. i'm 18. i used to be excited for the future. but i don't want to live in a country that doesn't have a successful working legislator. congress, it's time for you to remember what your purpose really is, get back to doing your job. >> resolution for washington is to get out of the middle east,...
172
172
Dec 31, 2012
12/12
by
FOXNEWSW
tv
eye 172
favorite 0
quote 0
there are just 28 hours before the nation goes over the so-called fiscal cliff. fox chief white house correspondent ed henry has been at the white house, covering it all day. ed, where do things stand? >> good to see you, dana, you've been through the budget battles. the bottom line, there's not a lot of progress, so the white house is here and waiting and looking at what kind of last minute negotiations were going on, on capitol hill behind closed doors, but the senate majority leader harry reid a short time ago going home and basically saying that he will be back in the senate until tomorrow at 11 a.m., suggests that we're edging closer and closer to that cliff, but what the president did today. as he did something rare, he went on the sunday talk show for the first time in three years, went on nbc's meet the press and the last time he did one of the shows was promote health care reform today and try and back republicans back into a corner and suggested that maybe he's starting to play the blame game and saying if we go off the cliff it's going to be republican
there are just 28 hours before the nation goes over the so-called fiscal cliff. fox chief white house correspondent ed henry has been at the white house, covering it all day. ed, where do things stand? >> good to see you, dana, you've been through the budget battles. the bottom line, there's not a lot of progress, so the white house is here and waiting and looking at what kind of last minute negotiations were going on, on capitol hill behind closed doors, but the senate majority leader...
246
246
Dec 31, 2012
12/12
by
CNNW
tv
eye 246
favorite 0
quote 0
i'm christine romans following fiscal cliff all day and night. ashleigh banfield returning tomorrow. "newsroom with suzanne malveaux" starts right now. >>> welcome back to "cnn newsroom." here's what's going on right now. ♪ >>> 2013 hitting right now in bangkok, thailand. we're looking at live pictures there as the celebrations and the fireworks exploding there. lots of picture-taking and a lot of excitement there. right now pope benedict holding a new year's eve mass at st. peter's basilica. they will celebrate the new year in six hours. a couple of hours ago folks toasted 2013 in new zealand. check it out. >> pretty cool. party started with fireworks with the auckland sky it tower. organizers were worried bad weather would be a problem, but everything turned out just fine. congratulations. the second major city to ring in the new year, sydney, australia. check it out. wow, that is over city harbor bridge. the show is huge. we are talking about seven tons of fireworks. happy new year's all around. >>> of course, we are waiting as well when the
i'm christine romans following fiscal cliff all day and night. ashleigh banfield returning tomorrow. "newsroom with suzanne malveaux" starts right now. >>> welcome back to "cnn newsroom." here's what's going on right now. ♪ >>> 2013 hitting right now in bangkok, thailand. we're looking at live pictures there as the celebrations and the fireworks exploding there. lots of picture-taking and a lot of excitement there. right now pope benedict holding a new...
187
187
Dec 30, 2012
12/12
by
CNNW
tv
eye 187
favorite 0
quote 0
happy new year from germany. >>> regarding the impending fiscal cliff, we have seen a lot coming from washington, but what about the boss? and by that i mean the american people, and they are angry. josh levs is covering that part of the story and he joins us now. >> yes, we are seeing a lot of frustration and anger, and that is a big part of the story in the country right now. we are following a lot of the developments and reading the tea leaves in washington, but the fact is that around the country, the mounting frustration and concern about what could happen to you and your taxes and a lot of people are sounding off. we have been getting a lot of videos today and ireport, and take a look at this one. >> my mes sang to all of washington for the new year is partisanship aside and working on fixing this mess that you have gotten us into. and bring a ball lapsed budget to the table and fix it in the long term and not the short term. >> this one struck me today because it got us thinking to the young people in the country and what the message the congress is sending to the young people.
happy new year from germany. >>> regarding the impending fiscal cliff, we have seen a lot coming from washington, but what about the boss? and by that i mean the american people, and they are angry. josh levs is covering that part of the story and he joins us now. >> yes, we are seeing a lot of frustration and anger, and that is a big part of the story in the country right now. we are following a lot of the developments and reading the tea leaves in washington, but the fact is...
178
178
Dec 31, 2012
12/12
by
CNNW
tv
eye 178
favorite 0
quote 0
ja and i'm ali velshi at cnn in new york. >> our nation is perched on the edge of the fiscal cliff and we're keeping a close eye on negotiations. >> we're going to spell out what the talks could mean to you and if lawmakers fail to reach a deal what the fallout will be for you and your wallet. you're looking at pretty pictures of capitol hill. i don't know if the scene is pretty but the pictures are. >> the lights are on, the question is, is anybody home? what seems to be a bitter stalemate between democrats and republicans on the fiscal cliff, we have learned of a bit of change this evening with the negotiations. for one, we have learned that the senate will reconvene tomorrow at 11:00 a.m. that means no decision tonight. we have also learned senator mitch mcconnell, the republican minority leader, has had conversations directly with vice president biden. mcconnell had been working with senate majority leader harry reid, but he and biden have gotten things done when working together in the past. can they do it now? let's go to dana bash. dana, what do you think? is it promising? can t
ja and i'm ali velshi at cnn in new york. >> our nation is perched on the edge of the fiscal cliff and we're keeping a close eye on negotiations. >> we're going to spell out what the talks could mean to you and if lawmakers fail to reach a deal what the fallout will be for you and your wallet. you're looking at pretty pictures of capitol hill. i don't know if the scene is pretty but the pictures are. >> the lights are on, the question is, is anybody home? what seems to be a...
366
366
Jan 1, 2013
01/13
by
CNNW
tv
eye 366
favorite 0
quote 1
technically the nation went over the fiscal cliff when the new year began. but practically the senate pulled a parachute that should soften the fall. about 2:00 a.m. eastern, senators passed a round of compromises with a vote of 89-8. i said should. this deal is far from done. now it is up to the house to stop $600 billion of automatic tax hikes and spending cuts. at this hour, though, a vote is not scheduled. multiple house members took to the floor today to say their vote will be no. >> the current agreement with the fiscal cliff was agreed to, we're told, somewhere around 11:30 last night. the bill was voted on at 2:00 in the morning. now, again this is new year's eve. i don't know how many senators between midnight and 2:00 a.m. in the morning had a chance to thoroughly read this agreement that is 157 pages long. you see, this is not how we should run our government. this is drama. unnecessary drama. >> so what did the senators pass? well, it was very long bill, 157 pages. there are a host of tax credit extensions, medicare extensions, and a lot more. bu
technically the nation went over the fiscal cliff when the new year began. but practically the senate pulled a parachute that should soften the fall. about 2:00 a.m. eastern, senators passed a round of compromises with a vote of 89-8. i said should. this deal is far from done. now it is up to the house to stop $600 billion of automatic tax hikes and spending cuts. at this hour, though, a vote is not scheduled. multiple house members took to the floor today to say their vote will be no. >>...
151
151
Dec 27, 2012
12/12
by
CNNW
tv
eye 151
favorite 0
quote 0
the stories that affect your bottom line to the new apple boss and the fiscal cliff. the biggest money stories of 2012, next. >> 2012 was a big year for business from apple's new world to facebook's ipo in fears over the fiscal cliff. we countdown the biggest business stories of the year. it can sti invent things we didn't buy, faster than any technology. number nine, the u.s. stock market despite all the worries about the fiscal cliff, the stock market had a great year. >> number eight. facebook's i pshlpo. investor diagnosis not. trading glitches and questions about the company's ability to make money on mobile users unload the stock which has yet to climb back to the ipo price. >> number seven, mother meyer. the new ceo of yahoo who announced she would take a two-week maternity leave. 37 years old and it looks like a mother's touch is what yao ya hoo needed. >> an intense drought that scorched the corn and soy crop sending prices sky high. who can forget super storm sandy. neighborhoods along the northeast swept away millions without power and damages as high as $5
the stories that affect your bottom line to the new apple boss and the fiscal cliff. the biggest money stories of 2012, next. >> 2012 was a big year for business from apple's new world to facebook's ipo in fears over the fiscal cliff. we countdown the biggest business stories of the year. it can sti invent things we didn't buy, faster than any technology. number nine, the u.s. stock market despite all the worries about the fiscal cliff, the stock market had a great year. >> number...
143
143
Dec 28, 2012
12/12
by
MSNBCW
tv
eye 143
favorite 0
quote 0
not just the fiscal cliff. the president has a lot to do and not a lot of time to do it. stay with us. >> the president goes off 18 hours on the golf course, 20 hours in the air. how do you view this politically? >> he's been using this, and i must say with great skill and ruthless skill and success to fracture and basically shatter the republican opposition. we're all having such a great year in the gulf, we've decided to put aside our rivalry. 'cause all our states are great. and now is when the gulf gets even better. the beaches and waters couldn't be more beautiful. take a boat ride or just lay in the sun. enjoy the wildlife and natural beauty. and don't forget our amazing seafood. so come to the gulf, you'll have a great time. especially in alabama. you mean mississippi. that's florida. say louisiana or there's no dessert. brought to you by bp and all of us who call the gulf home. c'mon, michael! get in the game! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for rom
not just the fiscal cliff. the president has a lot to do and not a lot of time to do it. stay with us. >> the president goes off 18 hours on the golf course, 20 hours in the air. how do you view this politically? >> he's been using this, and i must say with great skill and ruthless skill and success to fracture and basically shatter the republican opposition. we're all having such a great year in the gulf, we've decided to put aside our rivalry. 'cause all our states are great. and...
389
389
Dec 31, 2012
12/12
by
CNNW
tv
eye 389
favorite 0
quote 0
have a good new year. >>> lawmakers responsible for trying to reach this deal on a fiscal cliff, they're about to get a pay raise. yeah, really. a pay raise. that's even though they are on track to go down as the most unproductive congress since the 1940s. they only have an 18% approval rating. that according to the new gallup poll as well. so the raise is a result of an executive order signed by the president to boost federal workers' pay around .5% in late march. vice president joe biden will see his pay jump from $225,000 to nearly $232,000 a year. house speaker john boehner will see his salary increase to more than $224,000. and senate majority leader harry reid will take home an annual pay of $194,000 after his raise. so those guys are getting a raise. and if you are counting on a tax refund in the next few weeks, the fiscal cliff could force you to wait just a little bit longer than usual. >>> checking our top stories. the nation is now 14 hours away from the fiscal cliff. sources tell us vice president joe biden and senate minority leader mitch mcconnell talked through the night a
have a good new year. >>> lawmakers responsible for trying to reach this deal on a fiscal cliff, they're about to get a pay raise. yeah, really. a pay raise. that's even though they are on track to go down as the most unproductive congress since the 1940s. they only have an 18% approval rating. that according to the new gallup poll as well. so the raise is a result of an executive order signed by the president to boost federal workers' pay around .5% in late march. vice president joe...
232
232
Dec 24, 2012
12/12
by
CNNW
tv
eye 232
favorite 0
quote 0
investors will have to wait for news on the fiscal cliff until after christmas. that uncertainty is pushing markets lower. the s & p 500, all down this morning. trading expected to be light with high volatility today. and markets close early at 1:00 p.m. eastern. >>> and a red alert for a possible volcanic eruption in chile. the volcano hits high in the andes mountains and might be poised to blow. so far, chile's geological service has not sent out a mandatory evacuation order. >> prince harry killed his first taliban fighter in afghanistan, as he flew to the rescue of a patrol under attack. defense sources deny reports that he killed a taliban commander, but admitted he had deployed his weapon. the prince is nearing an end of a four-month tour of duty in hellman province. >>> and a judge has sign off on the bp settlement regarding the gulf oil spills. bp expects to pay out 7$7.8 billion. it includes thousands of claims of businesses and individuals in five states on the gulf of mexico. bp faces many other lawsuits, including a major civil trial in february. >>>
investors will have to wait for news on the fiscal cliff until after christmas. that uncertainty is pushing markets lower. the s & p 500, all down this morning. trading expected to be light with high volatility today. and markets close early at 1:00 p.m. eastern. >>> and a red alert for a possible volcanic eruption in chile. the volcano hits high in the andes mountains and might be poised to blow. so far, chile's geological service has not sent out a mandatory evacuation order....
286
286
Dec 31, 2012
12/12
by
CNNW
tv
eye 286
favorite 0
quote 0
now, as the new year's deadline approaches, the fiscal cliff may be moving to a later date, in 2013. it is part of a possible deal that is forming at this hour. this, of course, represents the $3.6 trillion the u.s. government spent last year, unless congress reaches a deal when the new year hits. so too will the fiscal cliff. $600 billion worth of tax increases and spending cuts. it is supposed to be automatic. but now republicans are suggesting a delay, the president just spoke trying to add pressure to congress to avoid going over the fiscal cliff. listen. >> my preference would have been to solve all these problems in the context of a larger agreement, a bigger deal, a grand bargain, whatever you want to call it, that solves our deficit problems in a balanced and responsible way that doesn't just deal with the taxes, but deals with the spending in a balanced way, so that we can put all this behind us focusing on growing our economy. but with this congress, that was obviously a little too much to hope for at this time. >> let's turn now to chief white house correspondent jessica y
now, as the new year's deadline approaches, the fiscal cliff may be moving to a later date, in 2013. it is part of a possible deal that is forming at this hour. this, of course, represents the $3.6 trillion the u.s. government spent last year, unless congress reaches a deal when the new year hits. so too will the fiscal cliff. $600 billion worth of tax increases and spending cuts. it is supposed to be automatic. but now republicans are suggesting a delay, the president just spoke trying to add...
290
290
Dec 28, 2012
12/12
by
CNNW
tv
eye 290
favorite 0
quote 1
you think both sides have decided it's in their political interest to go over the fiscal cliff. is that right? >> yeah, you never want to rule a deal off the table because we have lived through so many rounds of brinksmanship that have ended in deals over the years. in this case, i think democrats think they get a better deal on policy by going over the cliff. that they end up getting more in taxes with less in spending cuts than they would get if they had to cut a deal right now. and republicans have persuaded themselves not completely convincingly in my view, but they have persuaded themselves it's much better to accept slightly higher taxes that they themselves don't have to vote for directly, even though they'll still be casting a vote for new tax rates, they'll be able to say, well, taxes have already gone up and we're just voting to cut them. so that's sort of how, at least, i think both sides are persuading themselves to sort of tip-toe off the cliff. >> and charles, i know you think republicans have more to lose here, but does either side get a boost from this? >> i don'
you think both sides have decided it's in their political interest to go over the fiscal cliff. is that right? >> yeah, you never want to rule a deal off the table because we have lived through so many rounds of brinksmanship that have ended in deals over the years. in this case, i think democrats think they get a better deal on policy by going over the cliff. that they end up getting more in taxes with less in spending cuts than they would get if they had to cut a deal right now. and...
205
205
Dec 28, 2012
12/12
by
CNNW
tv
eye 205
favorite 0
quote 0
cliff. meanwhile, president obama cut his hawaii vacation short to return to washington today. but has he been working on a deal? "outfront" tonight, reports from both ends of pennsylvania avenue. chief white house correspondent, jessica yellin, and senior congressional correspondent, dana bash. jessica, first, to you, the president's back in washington, wheels down. he left his christmas vacation early. but was this just a bit of showmanship, or has he been working on something specific? >> reporter: hey, john. well, today has been a bit of a quiet day here at the white house. publicly, the president has been scarce, no sign of him. behind closed doors, i'm told a few meetings internally, but mostly, relatively quiet. i expect we will see more from the president, perhaps we could even see him publicly tomorrow. perhaps he could even meet with or talk to some of the congressional leaders. the president's role in all of this, he can get each of the leaders to come closer on what the white hou
cliff. meanwhile, president obama cut his hawaii vacation short to return to washington today. but has he been working on a deal? "outfront" tonight, reports from both ends of pennsylvania avenue. chief white house correspondent, jessica yellin, and senior congressional correspondent, dana bash. jessica, first, to you, the president's back in washington, wheels down. he left his christmas vacation early. but was this just a bit of showmanship, or has he been working on something...
146
146
Dec 27, 2012
12/12
by
CNNW
tv
eye 146
favorite 0
quote 0
with six days before we go off the fiscal cliff, president obama is cutting his hawaii vacation short, flying back to washington, uncertain what kind of deal making possibilities he will find when we will come back. republican leaders made no decision about when to call their members back nor it is clear what kind of deal, if any, they will have to vote on. a lot of digging tonight for cnn's dana bash. i understand there were no decisions out of this call, but do we have any sense of what fellow. >> rob:s are telling speaker boehner? how likely are we to see a vote in time to avoid going of the cliff? >> it really is up in the air. i'm told in part that's why house. >> rob:s didn't make a decision to bring the house back or when to do it because the ball really is in the senate's court, specifically with senate democrats. that has changed big time since a few weeks ago. at this point what they are trying to figure out is whether or not they can find enough republicans to cross party lines for what the president proposed right before he left for hawaii which is a scaled-back bill focus
with six days before we go off the fiscal cliff, president obama is cutting his hawaii vacation short, flying back to washington, uncertain what kind of deal making possibilities he will find when we will come back. republican leaders made no decision about when to call their members back nor it is clear what kind of deal, if any, they will have to vote on. a lot of digging tonight for cnn's dana bash. i understand there were no decisions out of this call, but do we have any sense of what...
162
162
Dec 28, 2012
12/12
by
CNNW
tv
eye 162
favorite 0
quote 0
cliff. that's where senate majority leader harry reid says we're headed. can washington save us with just five days to go? >>> plus, a proposal to give guns to school principals is gaining support. we're "outfront" with an arizona sheriff who's backing that plan. >>> and the 2012 election was all about viral videos, tonight we're counting down our favorite political video of the year. let's go "outfront." >>> i'm john avalon in for erin burnett. "outfront" tonight, a stark warning from capitol hill. senate majority leader harry reid says we're all headed for fiscal disaster. >> if we go over the cliff, and it looks like that's where we're headed, mr. president, the house of representatives, as we speak, with four days left before the first of the year, aren't here. >> we're now told the house will finally return to work on sunday. now, that's december 30th. in other words, less than 48 hours before we go over the fiscal cliff. meanwhile, president obama cut his hawaii vacation short to retur
cliff. that's where senate majority leader harry reid says we're headed. can washington save us with just five days to go? >>> plus, a proposal to give guns to school principals is gaining support. we're "outfront" with an arizona sheriff who's backing that plan. >>> and the 2012 election was all about viral videos, tonight we're counting down our favorite political video of the year. let's go "outfront." >>> i'm john avalon in for erin burnett....
246
246
Dec 30, 2012
12/12
by
CNNW
tv
eye 246
favorite 0
quote 0
we're hearing a new sense of optimism from some senate members who believe they might be able to pass some kind of minimalist package that would keep tax rates from going up on the majority of americans. i want to go to capitol hill and cnn's senior congressional correspondent dana bash. dana, is that the sense you get that somehow we should be optimistic about whatever it is that's going on? >> you know, as we talked about before, you definitely get a feeling or the atmosphere here is that there is progress being made but in the same breath, but, there are still thingsing to worked out. as we wait for what we generally see when the senate opens which is the pledge of allegiance, a prayer and so forth, if you see the bottom of your screen, i'm not sure if you can see it, white hair, that is harry reid, the senate majority leader. it may be we will hear an update from him. maug maybe we should listen to th the. >> prayer. >> let us feel your presence today on capitol hill, as we gather with so much work left undone, guide our lawmakers with your wisdom. lord, show them the right thing
we're hearing a new sense of optimism from some senate members who believe they might be able to pass some kind of minimalist package that would keep tax rates from going up on the majority of americans. i want to go to capitol hill and cnn's senior congressional correspondent dana bash. dana, is that the sense you get that somehow we should be optimistic about whatever it is that's going on? >> you know, as we talked about before, you definitely get a feeling or the atmosphere here is...
214
214
Dec 27, 2012
12/12
by
CNNW
tv
eye 214
favorite 0
quote 0
applebaum and the fiscal cliff. we're going to take look at the biggest money stories of the year. >>> over the next 50 years we need more food produced in the last 10,000 years combined. it's staggering to think where is it going to come from? we're pushing all the food on land and seed food shortages wchl need to open up new frontiers for farming. ♪ [ male announcer ] this december, remember what starts with adding a friend, ♪ ♪ could end with adding a close friend. ♪ the lexus december to remember sales event is on. offering some of our best values of the year. this is the pursuit of perfection. [ male announcer ] when diarrhea hits, kaopectate stops it fast. powerful liquid relief speeds to the source. fast. [ male announcer ] stop the uh-oh fast with kaopectate. >>> three, two, one r, and liftoff. >> may 2012. spacex launched a rocket. it marked a new beginning. private companies instead of nasa sending cargo instead of humans to the station. it was one of the space industry's top accomplishments and on
applebaum and the fiscal cliff. we're going to take look at the biggest money stories of the year. >>> over the next 50 years we need more food produced in the last 10,000 years combined. it's staggering to think where is it going to come from? we're pushing all the food on land and seed food shortages wchl need to open up new frontiers for farming. ♪ [ male announcer ] this december, remember what starts with adding a friend, ♪ ♪ could end with adding a close friend. ♪ the...
222
222
Dec 26, 2012
12/12
by
CNNW
tv
eye 222
favorite 0
quote 0
we hit the fiscal cliff. the president is cutting short his hawaiian vacation to go back to work. we'll look at whether a deal is likely to get done. >>> and not what people in alabama wanted for christmas. tornadoes ripped through the south. >> i prayed to god as loud as i could and i was just praying for my safety. and i knew that -- i prayed that the church stayed put. rsal] ♪ everybody well don't you know it's me now? ♪ ♪ yeah who's it, who's it huh? ♪ ♪ willy's back with a brand new beat now, ♪ ♪ yeah doin' it doin' it up! ♪ heyyy yeah, tryin' to bite my style! ♪ ♪ heyyy yeah, how you like me now? ♪ ♪ na na na na na na na na ♪ and everybody go uh! >>> we told you last hour president obama is spending his last few hours in hawaii before returng early to washington. he's expected to arrive tomorrow, just five days ahead of the fiscal cliff, which includes an across the board tax hike that congress has tried but failed to undo. cnn's dana bash is with us from washington, our senior
we hit the fiscal cliff. the president is cutting short his hawaiian vacation to go back to work. we'll look at whether a deal is likely to get done. >>> and not what people in alabama wanted for christmas. tornadoes ripped through the south. >> i prayed to god as loud as i could and i was just praying for my safety. and i knew that -- i prayed that the church stayed put. rsal] ♪ everybody well don't you know it's me now? ♪ ♪ yeah who's it, who's it huh? ♪ ♪ willy's...
190
190
Dec 24, 2012
12/12
by
CNBC
tv
eye 190
favorite 0
quote 0
the looming fiscal cliff means uncertainty for the economy in the new year. here is steve liesman with a preview of what he expects in 2013. >> trying to figure out what's going to happen in 2013 depends on one very important development. whether the u.s. goes over the fiscal cliff in a few days' time. and, for how long. if it's avoided, there's considerable upside for the economy. we could see at least one, and maybe two quarters of growth above 3%. the kind of growth that would put people back to work and lower the unemployment rate. why? because business has been holding back investment under the uncertainty, unleashing business spending would add to the growth from the rebound in housing and from the consumer who has hung in there despite tough times. in fact, we could see unemployment drop below 7%. although it might first rise, and people come into the workforce will be discouraged but then it could start to fall. as for the fed i think the market may be overstating its expectation for asset purchases from the central bank in 2013. at the current pace t
the looming fiscal cliff means uncertainty for the economy in the new year. here is steve liesman with a preview of what he expects in 2013. >> trying to figure out what's going to happen in 2013 depends on one very important development. whether the u.s. goes over the fiscal cliff in a few days' time. and, for how long. if it's avoided, there's considerable upside for the economy. we could see at least one, and maybe two quarters of growth above 3%. the kind of growth that would put...
270
270
Dec 25, 2012
12/12
by
CNNW
tv
eye 270
favorite 0
quote 0
exactly one week until we go off the cliff and new word that no one is reaching across the aisle right now. and remembering a legend. hollywood says good-bye to the "odd couple's "cigar-chomping oscar madison. i'm dana bash. alina, merry christmas. >> merry christmas, everyone. it's tuesday, deebs 25th. "starting point" begins right now. >>> and our starting point, those dreaming of a white christmas may be paying for that this morning. extreme weather is on the way this christmas day. millions could be in store for a foot of snow or more. it could even be a rare white christmas down south, along with a threat of tornadoes. bonnie schneider is tracking the holiday storm and, hey, good morning. >> good morning and merry christmas. unusual to see a snow storm set up here in oklahoma and in arkansas, and when you're looking back at the records some of the places highlighted in pink are going to see a white christmas and a snowfall going through christmas night. that hasn't happened in 80 years. what else is unusual. blizzard warnings. pop up in areas across arkansas as well as lower secti
exactly one week until we go off the cliff and new word that no one is reaching across the aisle right now. and remembering a legend. hollywood says good-bye to the "odd couple's "cigar-chomping oscar madison. i'm dana bash. alina, merry christmas. >> merry christmas, everyone. it's tuesday, deebs 25th. "starting point" begins right now. >>> and our starting point, those dreaming of a white christmas may be paying for that this morning. extreme weather is on...
145
145
Dec 24, 2012
12/12
by
CNNW
tv
eye 145
favorite 0
quote 0
investors going into a short holiday week worried about a fiscal cliff deal. all markets pointing to a lower open. markets close at 1:00 p.m. eastern today. >>> gas prices have dropped by nearly 12 cents over the last two weeks. the average cost of a gallon of regular is $3.26, according to the latest lundberg survey. in the last 11 weeks, gas prices have fallen by 58 cents per gallon. lower prices at the pump are not likely to continue. we can see an increase of 5 or 10 cents per gallon soon, due to increasing crude oil prices. >>> a potential big snag for transport and trade. 16,000 workers at 15 ports from boston to houston on the verge of going on strike. the international long shoreman's observation association has been bargaining since march and a contract extension expires on the 29th. you've heard about the fiscal cliff. what about the dairy cliff? that's what dairy farmers and milk producers are called dairy subsidies set to expire. unless congress extends legislation, you could see milk prices double next year to about $7 a gallon. 7 bucks a gallon.
investors going into a short holiday week worried about a fiscal cliff deal. all markets pointing to a lower open. markets close at 1:00 p.m. eastern today. >>> gas prices have dropped by nearly 12 cents over the last two weeks. the average cost of a gallon of regular is $3.26, according to the latest lundberg survey. in the last 11 weeks, gas prices have fallen by 58 cents per gallon. lower prices at the pump are not likely to continue. we can see an increase of 5 or 10 cents per...
213
213
Dec 26, 2012
12/12
by
CNNW
tv
eye 213
favorite 0
quote 0
with the news that you just gave about the debt ceiling, it will make the fiscal cliff look are more like the fiscal grand canyon if leaders aren't able to fix what is about to happen in terms of tax rates going up for everybody as well as making sure that the country does not default on all of this. it's really ironic because if you look at where democrats were with these bush tax cuts a decade ago when i was at the democratic national committee as communications director, there was a visceral reaction against them. and now democrats want to extend these tax cuts for 98% of americans. republicans should just basically declare victory and go home. i mean, it's a little insane where we are right now. >> anna navarro, we've been talking in washington about the idea of so many democrats now supporting the bush tax cuts at least for people making less than $250,000. what's your take on that? >> my take is that it's beginning to look a the lot like quli cliff-mas. like most americans, i thought there was possible solution that could be reached before december 31st. it's looking less and l
with the news that you just gave about the debt ceiling, it will make the fiscal cliff look are more like the fiscal grand canyon if leaders aren't able to fix what is about to happen in terms of tax rates going up for everybody as well as making sure that the country does not default on all of this. it's really ironic because if you look at where democrats were with these bush tax cuts a decade ago when i was at the democratic national committee as communications director, there was a visceral...
399
399
Dec 27, 2012
12/12
by
CNNW
tv
eye 399
favorite 0
quote 1
gets closer to that fiscal cliff and the federal debt keeps rising. some people, very few, are taking matters into their own hands by reaching into their own pockets. cnn's kyung lah talked with one man who's trying to make a difference. >> well, candy, this is not a young guy. he's been around for 85 years. and in that time, he says he has heard a lot of hot air coming out of washington, and finally, especially as we're watching these fiscal cliff talks continue or not continue, he has had it. in his unheated garage, 85-year-old garcia is working to fix the fiscal cliff, one can at a time. how much money have you sent the government? >> a little bit over $3,000. >> reporter: $3,197.88, to be exact. all tracked on a hand-written ledger. the last three years, garcia has been paying the government $50 a month of his postal service pension and money from cans he collects. >> we are paying absolutely too much interest. >> reporter: it really bothers you? >> it bothers me, because it makes no sense. >> reporter: sense something garcia's wife of 59 years th
gets closer to that fiscal cliff and the federal debt keeps rising. some people, very few, are taking matters into their own hands by reaching into their own pockets. cnn's kyung lah talked with one man who's trying to make a difference. >> well, candy, this is not a young guy. he's been around for 85 years. and in that time, he says he has heard a lot of hot air coming out of washington, and finally, especially as we're watching these fiscal cliff talks continue or not continue, he has...